Paper Industry in India: How Star Paper Mills is Leading the Way to Sustainability and Growth

The Indian paper industry has experienced significant growth since its inception, evolving into a vital sector that supports various industries and contributes to the nation's economy. Established in 1938, Star Paper Mills Limited exemplifies this growth, transforming from an initial production capacity of 6,000 MT per annum to 72,000 MT by 2008-09. Growth of the Paper Industry in India The paper industry in India accounts for about 3% of the world's paper production , despite the country housing 17% of the global population. This low penetration presents vast potential for growth. The per capita paper consumption in India stands at approximately 13 kg, much lower than the global average, indicating significant room for expansion. Challenges Faced by the Indian Paper Industry The Indian paper industry operates in a highly competitive and fragmented market, facing intense competition from numerous players. Manufacturers are also susceptible to fluctuations in raw ma...